Cotton Quotes Continued To Decline By &Nbsp; Downstream Transactions Were Sluggish.

April 21st morning, Shandong Wei bridge Spin The purchase price of lint cotton is reduced by 500 yuan, the adjusted grade 329 lint to the factory price is 27500 yuan / ton, the 429 grade is 27200 yuan / ton, and the 5 grade cotton is not purchased. Affected by this, spot offer Continue to downgrade, the market for Aftermarket Views continue to be low; cotton traders are active. Sell off Cotton in hand can cut meat, but there is no market price. Even if there are textile mills Raw material The pressure of inventory, but in the spot market, the air is shrouded in the atmosphere. Enterprise procurement is prudent. Cotton mills with adequate inventory are double stocked by raw materials and finished goods inventory, and even start selling cotton. Today, China's cotton price refers to (CCIndex328) 29050 yuan / ton, down 130 yuan, and the average price of 527 grade cotton to plant is 26473 yuan / ton, or -75 yuan.

Domestic cotton spot market quotation continued to decline, some cotton merchants continue to slightly reduce quotes; textile enterprises continue to price promotions, market transactions remain in the doldrums, finished goods inventory continues to increase. The spring special trade fair will be launched in early May. The market generally hopes that the turnover of the Canton Fair will drive the downstream market to pick up and enhance the confidence of the cotton companies involved in the future market.

On the 20 day, the price of all cotton yarn continued to decline, and the volume of market decreased. Judging from the sale of varieties, the demand for 32S of whole cotton yarn was better, mainly for jet cotton series, while other specifications were relatively weak. The prices of blended yarn products and polyester cotton yarn products continue to move down; the price of polyester and viscose yarn series products is dropping, and the turnover is not large. Market quotation for pure polyester yarn is stable and volume is acceptable. Polyester staple fiber prices shrink and fall. People's cotton yarn market is still down, and prices of some varieties are still down. Viscose staple prices continued to fall in the market. It is estimated that there will be a downward trend in the market of cotton yarn.